Markets
Apple, not Amazon, is now the world's most valuable brand
Chinese brands stood out among the world's most valuable brands according to an annual report by Brand Finance , a brand valuation and strategy consultancy. Two of its subsidiaries are worth more in terms of brand: Taobao is up 44% to $ 53.3 billion, and Tmall is up 60% to $ 49.2 billion. The only other insurer in the top 100 is German insurance group Allianz , whose US$20.2 billion brand value ... [Full Article...]
India's GDP to contract 8 pc in FY21: FICCI Survey
However, the industry and services sector , which were most severely hit due to the pandemic induced economic fallout, are expected to contract by 10 pc and 9.2 pc respectively during 2020-21. The survey further revealed that WPI based inflation rate is projected to be flat in 2020-21. The Ficci report said on the fiscal front, a slippage is imminent this year and the median estimate for fiscal... [Full Article...]
Victoria set to ease travel restrictions with New South Wales
Queensland closed its border to 35 local government areas in Sydney, Wollongong and the Blue Mountains on December 20 amid a COVID-19 outbreak, throwing Christmas family reunions into disarray. Queensland will reopen its borders to Sydneysiders next Monday. "If you're in New South Wales or Victoria and you're thinking about having a holiday, everyone is here and ready to welcome you with op... [Full Article...]
Dollar rises ahead of Federal Reserve's rate decision
The policymakers warned that the virus is posing risks to the economy and removed phrases from their previous statement that had said the pandemic was weighing on the economy in the "near term" and it posed risks "over the medium term". The Fed plans to continue to increase its holdings of Treasuries by at least $80 billion a month and its holdings of agency mortgage-backed securities by at least ... [Full Article...]
Tesla Shows Off New Model S Interior
Here's everything we know. Gone is the vertical tablet-style layout found in the current Model S and Model X , replaced by a 17.0-inch portrait display that looks near-identical to the one in the Model 3 and Model Y . Some either embraced the new look or couldn't stand it. The auto appears to have a rear screen so that those in the back seat can play the game whilst being driven. [Full Article...]
'A significant milestone': Europe clears Boeing 737 Max to fly again
However, the system was guided by only one "angle of attack" sensor, that kicked in repeatedly if that sensor malfunctioned, pushing the nose of the aircraft downward multiple times. On Monday (25 January), MEPs questioned the EASA head on the recertification of the 737 MAX, raising concerns about the agency's past reliance on the Federal Aviation Administration for safety reviews. [Full Article...]
Google Extends Work From Home Till 2021 and Eyes 'Flexible Work Week'
The Mountain View digital-advertising giant confirmed that CEO Sundar Pichai told employees in a message that Google was testing whether the hybrid model would "lead to greater productivity, collaboration, and well-being". It also said employees who need to take care of family members will be given more time to return to office after re-opening. These "collaboration days" will be worked in the... [Full Article...]
United Kingdom police at vaccine production site dealing with 'incident'
Colleagues from the Royal Logistics Corp Bomb Disposal Unit attended and examined the package to make sure it was safe to handle. A statement from the company said: "The safety of our employees and business continuity remains of paramount importance". [Full Article...]